Grupo Financiero Galicia (NASDAQ:GGAL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a report released on Wednesday morning.

GGAL has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a research note on Friday, August 30th. Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and upped their price target for the company from $28.00 to $36.00 in a report on Thursday, August 8th. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, September 4th.

Grupo Financiero Galicia Stock Performance

GGAL stock opened at $53.82 on Wednesday. The firm’s 50-day moving average is $47.02 and its two-hundred day moving average is $37.41. Grupo Financiero Galicia has a 52 week low of $11.48 and a 52 week high of $57.24.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several hedge funds have recently modified their holdings of GGAL. Blue Trust Inc. purchased a new position in Grupo Financiero Galicia in the 2nd quarter worth about $40,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Grupo Financiero Galicia in the second quarter worth approximately $51,000. Headlands Technologies LLC acquired a new stake in shares of Grupo Financiero Galicia during the first quarter valued at approximately $67,000. NorthRock Partners LLC purchased a new stake in shares of Grupo Financiero Galicia in the 3rd quarter valued at approximately $253,000. Finally, Banco Santander S.A. acquired a new position in Grupo Financiero Galicia in the 2nd quarter worth approximately $211,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.